Former McDonald's CEO Stephen Easterbrook has been charged by federal regulators with making false and misleading statements to investors about the extent of his employee romances when he was fired in 2019. In an order on Monday, the Securities and Exchange Commission (SEC) hit Easterbrook with a $400,000 fine, and a five-year ban on serving as a corporate officer or director.McDonald's fired Easterbrook in November 2019 for exercising 'poor judgment' by engaging in a sexting relationship with an unnamed McDonald's employee, and the official separation agreement said he was terminated 'without cause.'
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